Canada Clinical Nutrition MarketSize and Trends
The Canada Clinical Nutrition Market is estimated to be valued at US$ 642.9 million in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).
Figure 1. Canada Clinical Nutrition Market Share (%), By Nutrition Type, 2023
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Market Trends
- Increasing Awareness about the Nutrition Among Canadian Population: Due to the increase in awareness about nutrition among the Canadian population, there has been a growing demand for clinical nutrition among the population. This is expected to drive the growth of the Canada clinical nutrition market over the forecast period. For instance, since COVID-19 pandemic, awareness about the importance of proper nutrition and its impact on health has grown significantly among Canadians. More patients and healthcare providers now recognize that dietary modifications and nutrition interventions play a crucial role in treatment and management of chronic diseases. This growing recognition has fueled greater demand for specialized clinical nutrition products and services. For example, according to the research article published in the journal Healthcare 2022, as per the survey carried out by Dietitians of Canada, in the year 2021, it was found that over 80% of Canadians believe nutrition is important for disease prevention and management, compared to just 60% five years ago. As knowledge increases, consumers and doctors are more willing to utilize personalized nutritional therapies for conditions like diabetes, obesity, cardiovascular issues, and gastrointestinal disorders.
- Increasing Acquisition by the Market Players: Market players are focused on inorganic growth strategies, such as signing acquisition agreements, in order to expand its product portfolio and geographical presence in the market. In February 2022, Nestle Health Science, a provider of nutrition-based products, acquired Orgain Company, a plant-based nutrition-based company. In this agreement, Nestle would be able to expand the reach of the company Orgain Nutrition Products i.e. plant-based nutrition products, worldwide.